The Canary Islands are the second community in Spain, just behind the Balearic Islands, with more foreign buyers, reaching 31.11% of the market.
The islands are among the five autonomous communities that accumulate the most sales from foreign customers, in a list led by the Balearic Islands (33.37%), Canary Islands (31.11%)Valencian Community (28.79%), Region of Murcia (23.58%) and Catalonia (16.11%).
Canary Islands double the national averagesince according to the report published by the real estate portal Pisos.com with data from the College of Registrars, at the state level, the foreign buyer represents 14.48% of total sales in the second quarter of this year, one point more than ten years ago (13.03%).
In Spain in 2014, the top five purchasing nationalities were the United Kingdom, France (10.11%), Russia (8.08%), Germany (7.53%), Belgium (7.26%) and Sweden (5.93%); while in this last quarter it was dominated by the United Kingdom (8.37%), Germany (6.98%), Morocco (6.1%), Romania (5.31%), France (5.22%) and Italy (5.18%).
These data, despite a slight drop recorded last year, are very close to those record level of the series, recorded in the third quarter of 2023, where they represented 15.44% of total sales. The trend is however upward, since ten years ago, in the second quarter of 2014, foreigners accounted for 13.03% of operations.
